Allstate Says It’s Ready to Grow Homeowners Line With All 3 Distribution Channels November 1, 2024 By Chad Hemenway Allstate said it sees opportunity where others may not — in homeowners insurance. And the insurer plans to use all...
Allstate, Roberto Clemente Agency Settle Racial Bias, Fraud Dispute October 30, 2024 The son of the late Major League Baseball Hall of Famer Roberto Clemente and Allstate Insurance Co. have settled their...
Allstate Reports $1.7B in Q3 Pretax Catastrophe Losses, $630M From Helene October 17, 2024 Allstate Corp. doesn’t announce third quarter earnings until Halloween but today it released some scary September pretax catastrophe losses. In...
Allstate to Sell Employer Voluntary Benefits Business to StanCorp for $2 Billion August 14, 2024 Insurer Allstate has agreed to sell its subsidiaries that provide employer voluntary benefits to StanCorp Financial Group (The Standard) in...
Allstate’s National General Sued by DOJ Over Alleged Force-Placed Insurance ‘Scheme’ July 26, 2024 By Chad Hemenway Allstate’s National General auto insurance brand has been sued by the U.S. Department of Justice over allegations that National General...
How California’s Homeowners Insurance Crisis Is Affecting Brokers July 23, 2024 By Don Jergler A growing homeowners insurance crisis for Californians is straining brokers who must work harder to get increasingly expensive and more...
Allstate, State Farm Sued Over $4 Billion Maui Fire Settlement July 22, 2024 By Jef Feeley A half-dozen Maui wildfire victims sued a group of insurers, including State Farm and Allstate, accusing them of throwing a...
Allstate Seeking 34% Rate Hike on California Homeowners Insurance July 12, 2024 Allstate is seeking an increase in its California homeowners insurance premiums by an average of 34%. According to the California...
Allstate Reports May Pretax Catastrophe Losses of $1.4B June 20, 2024 By Chad Hemenway Allstate Corp. on Thursday reported May pretax catastrophe losses of about $1.4 billion. The Northbrook, Illinois-based insurer said 14 events...
Allstate Tops Profit Estimates on Higher Premiums, Investment Returns May 2, 2024 Insurer Allstate posted an upbeat first-quarter profit on Wednesday, helped by higher premiums and stronger investment returns. Insurers usually see...